Shares of ANSYS, Inc. (NASDAQ:ANSS) have earned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $124.90.

ANSS has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of ANSYS in a research note on Friday, November 3rd. BidaskClub upgraded shares of ANSYS from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 7th. Zacks Investment Research cut shares of ANSYS from a “buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Berenberg Bank upgraded shares of ANSYS from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a report on Tuesday, January 30th. Finally, Evercore ISI restated a “hold” rating and issued a $113.00 price objective on shares of ANSYS in a report on Thursday, November 2nd.

In other ANSYS news, VP Richard S. Mahoney sold 8,527 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $17.84, for a total transaction of $152,121.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maria T. Shields sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $162.52, for a total transaction of $4,063,000.00. The disclosure for this sale can be found here. Insiders sold 38,527 shares of company stock valued at $4,973,622 in the last 90 days. Company insiders own 1.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Champlain Investment Partners LLC grew its holdings in ANSYS by 1.1% during the 4th quarter. Champlain Investment Partners LLC now owns 561,440 shares of the software maker’s stock worth $82,863,000 after acquiring an additional 5,970 shares in the last quarter. ARK Investment Management LLC boosted its holdings in shares of ANSYS by 16.9% in the 4th quarter. ARK Investment Management LLC now owns 18,935 shares of the software maker’s stock valued at $2,795,000 after buying an additional 2,742 shares in the last quarter. Carillon Tower Advisers Inc. acquired a new position in shares of ANSYS in the 4th quarter valued at $2,279,000. Cookson Peirce & Co. Inc. boosted its holdings in shares of ANSYS by 14.5% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 3,475 shares of the software maker’s stock valued at $513,000 after buying an additional 440 shares in the last quarter. Finally, OppenheimerFunds Inc. acquired a new position in shares of ANSYS in the 4th quarter valued at $212,000. Institutional investors own 96.22% of the company’s stock.

ANSYS (ANSS) traded up $3.33 during trading on Friday, hitting $153.74. 455,300 shares of the stock were exchanged, compared to its average volume of 492,246. The stock has a market cap of $13,050.00, a P/E ratio of 48.35 and a beta of 1.07. ANSYS has a twelve month low of $96.68 and a twelve month high of $164.90.

COPYRIGHT VIOLATION WARNING: “ANSYS, Inc. (ANSS) Receives $124.90 Average Price Target from Analysts” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another domain, it was stolen and republished in violation of United States & international copyright & trademark laws. The correct version of this story can be accessed at https://www.thecerbatgem.com/2018/02/13/ansys-inc-anss-receives-124-90-average-price-target-from-analysts.html.

ANSYS Company Profile

ANSYS, Inc (ANSYS) develops and markets engineering simulation software and services used by engineers, designers, researchers and students across a range of industries and academia, including aerospace and defense, automotive, industrial equipment, electronics, biomedical, energy, materials and chemical processing, and semiconductors.

Analyst Recommendations for ANSYS (NASDAQ:ANSS)

Receive News & Ratings for ANSYS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ANSYS and related companies with MarketBeat.com's FREE daily email newsletter.